---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-072753"
form_type: "8-K"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2026-11-10T21:19:17+00:00"
generated_at: "2026-11-10T21:20:10.671598+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# GoPro delays 10-Q on covenant default risk; preliminary Q3 revenue $96M vs $163M, gross margin 12.7%

## Summary
- Preliminary Q3 2026 net revenue approximately $96M vs $163M in Q3 2025; gross margin 12.7% vs 35.1%; operating expenses ~$60M vs $73M.
- GoPro cannot timely file its Q3 Form 10-Q, needing more time for accounting and valuation of financing arrangements entered into in Q3 2026.
- Unremediated material weakness in controls over embedded features of financing arrangements persists, per the 10-K/A and 10-Q/A filed October 19, 2026.
- Company is seeking lender waivers; noncompliance is an event of default that via cross-default could accelerate debt and let the acquirer terminate the pending merger.
- Financial statements will continue to reflect substantial doubt about ability to continue as a going concern for the next twelve months; Q3 earnings 8-K also delayed.

## SEC filing metadata
- accession: 0001628280-26-072753
- form_type: 8-K
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2026-11-10T21:19:17+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500435/000162828026072753/0001628280-26-072753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000162828026072753/gpro-20261110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-072753
- JSON: https://secwatch.observer/filing/0001628280-26-072753.json
- Plain text: https://secwatch.observer/filing/0001628280-26-072753.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.